Two renowned Technicians made television appearances last week and warned about the bearish signals they were observing in the Technology Sector. After just a few trading days they’ve been proven right as the Technology SPDR ETF, $XLK is down almost 4% in the past three sessions. This call is no longer immediately actionable due to […]

The market has staged quite a comeback from the December 2018 lows with all of the major US stock indices up over 10% year-to-date. The sharp, V-shaped recovery has been met with a lot of skepticism. Many technicians are warning that the 2800 level in the S&P 500 will act as resistance, while others point to improving […]

Since the last week of 2018, the markets have been on a tear. No investors expected such velocity in the bounce nor the upward momentum that followed. The average investor is looking for a pullback to get back in and so far there isn’t one to be found. Mark Newton, CMT and Founder of Newton […]

Since the December 24th low and subsequent fierce rally, many investors have been caught off-guard. It is fair to say opinions and outlooks on the market couldn’t be more different. Some traders feel recent price action is a bear market rally while others believe we are heading back to all-time-highs. Regardless of your opinion, one […]

Last Wednesday, one of my favorite technicians, Frank Cappelleri, was on Bloomberg to discuss three charts: Facebook (FB), Microsoft (MSFT), and Micro Caps (IWC). Regarding Facebook, Frank starts off by pointing out a pretty interesting statistic that I wasn’t aware of, in that “Since the beginning of 2018, Facebook has had 18 different gap openings […]